S&P could lift RKI Exploration

Standard & Poor's said it placed its ratings, including the B corporate credit rating, RKI Exploration & Production LLC on CreditWatch with positive implications.

"We expect to resolve the CreditWatch around the time of the acquisition's closing, which the companies expect to occur in the third quarter of 2015," S&P credit analyst Christine Besset said in a news release.

The CreditWatch placement on RKI reflects the potential for an upgrade following the close of its acquisition by higher-rated WPX Energy Inc. WPX announced that it will refinance RKI's debt at the closing of the transaction.

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